- CISO Global (CISO, Financial) files a significantly reduced S-3 shelf registration, decreasing from $300 million to $100 million.
- The At-The-Market (ATM) offering component is reduced by 90%, from $100 million to approximately $10 million.
- The renewal ensures compliance with Nasdaq, with no immediate plans to utilize the ATM facility.
CISO Global (CISO), a leader in AI-powered cybersecurity software, has announced the renewal of its S-3 shelf registration, cutting the total shelf amount significantly from $300 million to $100 million. Concurrently, the company has substantially reduced its At-The-Market (ATM) offering component from $100 million to about $10 million. This strategic move aligns with the company's commitment to maintaining compliance with Nasdaq requirements, following a period when CISO Global temporarily did not meet required stockholders' equity levels.
CEO David Jemmett stated that while the renewal of the S-3 shelf registration ensures compliance, CISO Global has no current plans to utilize the ATM facility. The decision highlights the company’s focus on strategic growth and financial resource management while primarily using the shelf registration as a contingency measure to reduce associated filing fees and costs.
Based in Scottsdale, Arizona, CISO Global is a prominent entity in the cybersecurity sector, specializing in delivering comprehensive solutions to protect organizations against cyber threats. The company's expertise in AI-powered cybersecurity services enables it to support demanding business and government clients in meeting their security and compliance obligations.
